v.2.2, March 2021

ChronoBase
Global decentralised luxury watch database with provenance, cost and ownership veriﬁcation

IssuesIssues ofthe luxury
watch market

1/8IssuesPopularity of luxury products has resulted in theappearance and expansion of the black market for stolen
watches. It should be borne in mind that each element of
the watch mechanism is custom built
All timepieces have unique identiﬁcation numbers, which authenticate product genuineness. These numbers are stored in the manufacturer’s internal databases. Regretfully, there is no single
database for watches of diﬀerent manufacturers, while the watch ownership history is not recorded. Thefts cause signiﬁcant losses to the watch owners and insurance companies. Stolenwatches enter the market due to absence of the uniﬁed global stop-list and convenient interfaces for the owners.

Issues

Formidable issue facing customers is the availability of
fake and counterfeit products. The quality of fakes
improves gradually, making them very similar to theoriginals. Being in high demand, Swiss-made watches are
faked more often as compared to watches of other brands.
According to the Federation of the Swiss Watch Industry FH, the annual output of counterfeit watches exceeds 35 million units, which is even bigger than the output of authentic Swisswatches.

In value terms, the trade turnover of counterfeit watches is over 1 billion francs per year, which accounts for 5 % of the total sales volume of original timepieces. Criminals even masteredwatch copying and “cloning”. When one checks the authenticity of such watches using serial numbers alone, the lookup results are positive since these numbers may really exist.

IssuesAnother issue is the absence of the uniﬁed databasemonitoring watch service history. For instance, acustomer wants to know whether
Another issue is the absence of the uniﬁed database monitoring watch service history. For instance, a customer wants to know whether

the watch has been repaired and, if repaired, what parts have been used or where the maintenance, if any, has been executed. Without such database, there is no possibility to verify service
information, which is of great importance for assessing the watch price.

Ecosystem

ChronoBase is auniﬁed market
ecosystem

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All timepieces have unique identiﬁcation numbers, which authenticate product genuineness. These numbers are stored in the manufacturer’s internal databases. Regretfully, there is nosingle database for watches of diﬀerent manufacturers, while the watch ownership history is not recorded. Thefts cause signiﬁcant losses to the watch owners and insurancecompanies. Stolen watches enter the market due to absence of the uniﬁed global stop-list and convenient interfaces for the owners.

Ecosystem

Another formidable issue facing customers is the availability of fake and counterfeit products. The quality of
fakes improves gradually, making them very similar to the originals. Being in high demand, Swiss-made watches are
faked more often as compared to watches of other brands.
According to the Federation of the Swiss Watch Industry FH, the annual output of counterfeit watches exceeds 35 million units, which is even bigger than the output of authentic Swisswatches.

Marketplace will become the core of the ecosystem, where watch owners will be able to retain their collection and oﬀer any items for sale. NFT certiﬁcates, issued by ChronoBase, willprotect customers from fakes and will assist in keeping track of the watch provenance. In addition, an escrow service will make it possible to safely buy and sell luxury watches. Anothermonumental task is achieved by casting away intermediaries, to improve watch prices for the interested buyers.

ChronoBase — Your luxury watch secured by blockchainDeep insight into blockchain technology allows the project team to analyse various markets, where the issue of data safety and retention are nowadays acute and persistent. The luxury
watch market is the one where this issue really manifests itself.

Who

Who needs
ChronoBase?

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Who

Watch owners
Information on watch provenance improves resale
value of a timepiece. The earlier the watch enters thedatabase, the more valuable such provenance record
becomes afterwards.

Availability and retention of information on every
timepiece is guaranteed, so information is available
when you sell or buy watches.

ChronoBase provides an option toverify service history of awatch.
The information on watch
ownership is secure(privacy respected).

Watch
manufacturers

Insurancecompanies

Our platform offers new businesstools to watch manufacturers:

Insurance fraud is widespread and it may be hard or
impossible to check the timepiece in police
databases worldwide. ChronoBase oﬀers instantveriﬁcation for insurance purposes, including service
history and the date of the ﬁrst sale, respecting
privacy of the owner.

Unauthorised stock movement and re-export by thedealers is a common practice, which results in sale ofwatches below MRP recommended by themanufacturer. ChronoBase can track sales of dealers
to third-party marketers, knowing the actual sales
location.

The platform allows manufacturers to reach out to theclients to push marketing messages and maintainrelationships.

ChronoBase brings order and transparency to thesecond hand market.

Watch
manufacturers
can focus on
productionand entrust
the databaseto ChronoBase

WhoPawnbrokers andtheir customers

Servicecompanies

Pawnbrokers and their customers can get priority
access and better view with respect to pawned
watches.

Watch service centers may incur signiﬁcant losses
when they can not prove unauthorised or unqualiﬁed
repairs or utilization of non-authentic spare parts. The
uniﬁed database retains full record on repairs andservicing of each timepiece, and keeps track of theservice history.

This information will cofirm:absence of any criminal
recordownership status of aperson who pledges awatch as collateral orlater elects not toredeem this collateral inorder to sell it
watch provenance andauthenticity.

It will facilitate timely maintenance, as ChronoBase
users can set reminders to call at a service center tomaintain their watches (with indication of the closest
service center subject to customer location).

Externalpartners
Open API allows external partners tojoin our marketplace, accessdatabase and analyse oﬀered lots.

Why

Why support the ChronoBase
project?

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Why

1.
2.

This is the ﬁrst project with a uniﬁed decentralized database on luxury
watches with full ownership history and easy access with mobileapps.

It is started with database, but in future the marketplace will bepromoted, which will facilitate buying and selling watches with full
history of ownership, service and other relevant information.

6.

3.

We view ChronoBase not as a local project, but as an open ecosystem
for all participants of this booming market.

This will become the ﬁrst escrow service platform dedicated to luxury
watches, based on smart contracts.

7.

4.

ChronoBase will protect you from purchasing stolen or lost watches.
The information kept in the blockchain database can not be altered.

The market for our project is global. ChronoBase negotiates with allwatch manufacturers, insurance companies, pawnbrokers, etc.

5.

ChronoBase has already entered the MVP stage with live applications.

8.
The information in the database increases resale cost of luxury
9. watches due to availability of transparent provenance records.

We improve security of transactions and protect market participants.

Functionality

ChronoBase
functionality

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Functionality

The ChronoBase ecosystem will be converged around the web
portal. The portal is the uniﬁed point of access to allfeatures of the platform.
Mobile applications have been developed to conveniently access all data from portable devices. The fully
functional platform, which provides basic functionality, has been deployed and available to use.

Functionality
The function of loss or theft reporting implies an automatic (without administrative interference) record in theblockchain, with a single click, which improves chances to act promptly and recover your item. The information is
mirrored in Ethereum blockchain, which guarantees its integrity and capacity to pass any type of auditing. The
database is public and universally accessible, with an enhanced level of data cofidentiality, which safeguards theowner’s identity.
The business entities or manufacturers can avail of the marketing services. As example, prior to upload of the new lot of luxury watches, the action can be coupled with a highly targeted
opt-in messaging campaign among the prospective buyers. The access to all additional functions will be paid for by internal tokens of the platform.

The information from ChronoBase is mirrored in Ethereum
blockchain, which guarantees its integrity and capacity
to pass any type of auditing
TIK tokens will be used by manufacturers and owners to secure their timepieces

Usage of tokens

ChronoBase  (TIK) token

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Usage of tokens

ChronoBase (TIK) token is a cryptographic utility token
issued to power the ChronoBase platform, purchase theplatform based services and make transactional
payments. 

What ChronoBase(TIK) token is?

TIK tokens are vital to maintain the internal economy of
the ChronoBase ecosystem and facilitate safe and open
interaction among ecosystem participants.

Usage of tokens

Watch retailers
payment of the platform commissions upon watchsales;

ChronoBase(TIK) token
use cases

Watch buyers
making security payments when the escrow service isused;

obtaining an early access to the new sale lots;

obtaining the ‘veriﬁed/premium customer’ status.

payment of charges upon making changes to watch
metadata;

payment for the platform services (marketingservices, services aimed at promotion of lots
available for sale, featured brand pages, etc.);

payment for a Premium account, which provides
additional beneﬁts (expanded listings, featuring of alot, membership schemes, etc.).Usage of tokens

Pawnshops

Watch
manufacturers
payment

making security payments;

for targeted marketing campaigns; obtaining an early access to the new sale lots; payment for the access to big data analytics;

obtaining the ‘veriﬁed customer’ status;

payment of charges upon making changes to watch
metadata;

payment for advertising space within pawnshop
ratings; payment for advertising space within the platform.

Service centers
payment for targeted marketing campaigns;

payment of the platform commissions for customer
referrals;

promotion of the authorised service center network;

payment for geolocation-based triggers that remind
watch owners of the necessity to perform service
maintenance;

payment for advertising space within the platform.

payment for advertising space within the platform;

Distribution

Token saleand funds
distribution

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Distribution

Public round

1 TIK = 0.01 USD

Total token supply

1billion

TIK

Seed Round Price

Token nominal price for public round:

1TIK = 0.005 USD

Tokens available for sale:

Tokens available for sale

15 million TIK

80 million TIK

Token nominal price for public round:

TargetTarget80,000,000 TIK ~400,000 USD

15,000,000 TIK ~150,000 USD

TargetTargetallocationof funds

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Target

9.5%

Sale

15%

Fondation

36%

Ecosystem DAO

20%

Marketing and promotion

9.5%

Liquidity

For any questions, please contact ChronoBase team at:

info@chronobase.eu